Legend Holdings' net profit fell 69% in the first half of 2023 to only 668 million yuan

News from this site on August 31, Legend Holdings announced today on the Hong Kong Stock Exchange that revenue in the first half of 2023 was 201.286 billion yuan, compared with 237.685 billion yuan in the same period last year, a year-on-year decrease of 15%; Attributed to the company's equity Owner's net profit was 668 million yuan, compared with 2.131 billion yuan in the same period last year, a year-on-year decrease of 69%.

Lenovo Holdings stated that the decline in revenue and profit was mainly due to Lenovo Group being affected by cyclical factors in the PC industry.

Looking from another table, Lenovo Group’s revenue in the first half of 2023 was 177.407 billion yuan, a year-on-year decrease of 19%; Net profit in the first half of the year was 650 million yuan, a year-on-year decrease of 67% .

During the reporting period, Lenovo Group’s revenue fell 19% year-on-year to RMB 17,740.7 billion, was mainly due to the 26% year-on-year decline in smart device business revenue, which was dragged down by the industry’s destocking cycle. Net profit attributable to equity holders of Legend Holdings fell 67% to RMB 650 million. Short-term market pressure led to a 36% year-on-year decrease in operating profit of the smart device business, and the infrastructure solutions business recorded a loss of RMB 361 million.

In addition, the smart device business includes personal computers, tablets, smartphones and other smart device businesses. During the reporting period, due to the impact of the industry's destocking cycle, the revenue and operating profit margin of the smart device business declined year-on-year.

This site learned from the report that Lenovo Group expects that the personal computer business will To resume growth in the second half of 2023. As the global trend of digitalization and intelligent transformation continues to accelerate, the total global personal computer market will remain at a higher level than before the epidemic in the long term. In addition, Lenovo Group will increase its investment in non-PC areas, focusing on new businesses such as electronic accessories and collaborative office solutions.

Advertising Statement: This article contains external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.), which are intended to provide more information, save screening time, and are for reference only. Please note that all articles on this site are accompanied by this statement

The above is the detailed content of Legend Holdings' net profit fell 69% in the first half of 2023 to only 668 million yuan. For more information, please follow other related articles on the PHP Chinese website!